US oil drillers likely to undermine Russia-OPEC plan to boost crude prices

1973 long gas station lines.
1973 long gas station lines.

There are few Americans who vividly remember the long lines at the gas stations in the midst of the early 70’s oil embargo. It was a radical time for a society that depends so much on energy for transportation. That’s why the radical change in the global energy scenario in recent years engenders a feeling of poetic justice.

The strangle hold the OPEC oil cartel has had on the world up to only a few years ago continues to be beat back by the rise of oil fracking in the United States – even in the face of recent months and the Saudi’s attempts to undermine that new dominance again in mid 2017. This couldn’t have happened to a nicer bunch of cut-throat gangsters. The coming energy/currency wars in the Middle East are an inevitable result of that greedy manipulation.

Read more… US oil drillers likely to undermine Russia-OPEC plan to boost crude prices


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